Short Interest in Happy City Holdings Limited (NASDAQ:HCHL) Grows By 261.9%
by Jessica Moore · The Cerbat GemHappy City Holdings Limited (NASDAQ:HCHL – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 497,436 shares, a growth of 261.9% from the May 14th total of 137,451 shares. Based on an average daily volume of 1,502,972 shares, the short-interest ratio is presently 0.3 days. Approximately 2.6% of the shares of the stock are sold short.
Happy City Stock Performance
Shares of HCHL traded down $0.06 on Thursday, hitting $3.96. 461,267 shares of the stock traded hands, compared to its average volume of 1,201,462. The stock’s 50 day moving average is $2.56 and its two-hundred day moving average is $2.54. Happy City has a 1 year low of $0.80 and a 1 year high of $7.25.
Hedge Funds Weigh In On Happy City
A hedge fund recently raised its stake in Happy City stock. Citadel Advisors LLC lifted its position in shares of Happy City Holdings Limited (NASDAQ:HCHL – Free Report) by 34.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 18,688 shares of the company’s stock after buying an additional 4,838 shares during the period. Citadel Advisors LLC owned 0.10% of Happy City worth $63,000 as of its most recent SEC filing.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Happy City in a report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Report on HCHL
About Happy City
Headquartered in Hong Kong, we are a restaurant operator that operates three all-you-can-eat hotpot restaurant through our wholly-owned Operating Subsidiaries in Hong Kong. We have been in the restaurant services industry serving the Hong Kong market for over 5 years, which is a relatively short operating history compared to some of our established competitors. Our restaurants serves all-you-can-eat Thai and Japanese hotpot to our customers under the brand names “Thai Pot” and “Gyu! Gyu! Shabu Shabu”.